On January 25, 2018, the Board of Directors of Luther Burbank Corporation declared a quarterly cash dividend of $0.015 per common share. The fourth quarter dividend declared is prorated based on a regular quarterly cash dividend on the company's common stock of $0.0575 per share and the portion of the fourth quarter of 2017 during which the company was a public company, which was 24 days. The dividend is payable on February 15, 2018 to shareholders of record as of February 5, 2018.